GREY:HRIVF - Post by User
Comment by
Honkeybillon Feb 22, 2010 2:27pm
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Post# 16807505
RE: Buy out offer
RE: Buy out offer No one in their right mind will take any buyout offer seriously until the year end results are released. Severstaal would be crazy to drop a lowball offer with everyone anticipating great results......it would just entrench the diehards even more and make the minimum offer they would accept that much higher.
If we get an offer before they release the results, I expect it will be in the 1.30-1.40 range......they would have a slight chance at that number. The would also mean the results are really good.........which will mean a lot of us (including me) will probably hang on.
I think Severstaal was hoping that the pullback in the POG was going to be bigger than it was..........they have painted themselves into a corner.......very interesting times ahead!